09/27/2022 Live Update

[BullBear52x]

Rocket launcher setup
Bullish bias as long as we trade over 61.8%. can not shake me out, lets go bulls!

[JFR]

NYSE Tick and ES 1 minute. An even battle. It's been a "fade the range" day, rather than a ''trend/pullback'' day.

[BullBear52x]

Bulls reversal tracker, will it holds today? the answer is depends on $CPC, $CPC has been on a roller coaster on 1 (under/over) all morning. very weak, bulls need to make new intraday high or bears will step back in like yesterday.

[brokebybernacke2]

Well, great news today, rising housing sales, consumer sentiment improving, durable goods improving....no signs of recession i see . good news is ...good?

[JFR]

Bulls reversal tracker, will it holds today? the answer is depends on $CPC, $CPC has been on a roller coaster on 1 (under/over) all morning. very weak, bulls need to make new intraday high or bears will step back in like yesterday.

Very nice chart, BB52x. And welcome back from your hunting safari, or fishing trip.

I fell in love with those Elder bars years ago. I interchange them with candlesticks, both very useful.

[Al_Dente]

Still testing that June low
Semis broke, junk broke, but look at APPL (the #1 weighted stock in SPY)

[ccash04]

TLT just not getting anything going, hard to see tech really take off without long end bonds getting a bid

[BullBear52x]

Bulls reversal tracker, will it holds today? the answer is depends on $CPC, $CPC has been on a roller coaster on 1 (under/over) all morning. very weak, bulls need to make new intraday high or bears will step back in like yesterday.

Very nice chart, BB52x. And welcome back from your hunting safari, or fishing trip.

I fell in love with those Elder bars years ago. I interchange them with candlesticks, both very useful.

[Cobra]

I don't know what the market is doing so no comments so far. Looks like a range day which is not good for bulls as if the low was in yesterday, it should be up and up and up in the next 5 to 7 days, shouldn't be a range day.

[JFR]

Alternatives.

On the rise: DBC IAU SPYG SPYV USO

Declining: TLT

Flat: IYR UUP

[Al_Dente]

9/26 [Source Bloomberg; trended on twitter yesterday]
"The great tech selloff of 2022 is far from over"
Tech stocks are likely to get hammered as investors see the sector missing profit estimates (because inflation and strong dollar eat into their profits) and expect Nasdaq 100 to go down 10% or more

[JFR]

Dow 30. A thoroughly mixed bag today. No leader/laggard amongst the sectors. DIA, representing the Dow, is up all of 0.28%.

[jademann]

FOMC Hawks, Doves and Voters:
https://www.itcmarkets.com/hawk-dove-ch ... -2/#post/0

[BullBear52x]

Auction house theory, failed breakout, now under 38.2%, not good, bears are back. $CPC is >1, Oy....so much of a 2x bottom hope.

[BullBear52x]

/ES 3661will not hold this time.

[JFR]

ES 5 minutes. Heading south, my preference at this time. A strong move down, seems more likely than a strong move up, as I am looking for swing trade potential.

[Cobra]

Members only update at 12:02 pm
http://www.cobrasmarketview.com/2022/09 ... ay-update/

[Cobra]

Testing the yesterday's low, I say, it should rebound first then let's see. A break through without rebound or consolidation, my guess, the break would fail, because bears have travelled too long to really break something.

[JFR]

ES 5 minutes. There is the target, the low of June, 3654.50. And it just got broken.

[BullBear52x]

Testing the yesterday's low, I say, it should rebound first then let's see. A break through without rebound or consolidation, my guess, the break would fail, because bears have travelled too long to really break something.

Cobra boss, I thought we were on the same page? now you think bulls still have strength to head fake this break down? I will have to be quick on my bearish exit I guess.